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Economy News

Elon Musk

Twitter not to be free for business and Govts: Elon Musk

Tesla CEO Elon Musk on Wednesday said that business and government users on Twitter may need to pay a slight fee to stay on the micro-blogging platform. 23 days ago
International Monetary Fund (IMF)

India to become $ 5 trillion economy only by 2029 : IMF

It should be noted that the IMF decreased India's growth prediction for FY23 by 80 basis points to 8.2% in its latest World Economic Outlook report released last month. 23 days ago
GST collection touches all-time high in April at Rs 1.68 lakh cr

GST collection touches all-time high in April at Rs 1.68 lakh cr

The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed. 25 days ago
job.(photo:https://pixabay.com/)

K'taka clears 60 new industrial projects; 8,575 jobs to be created [details]

Keeping up the industrial growth momentum, the Karnataka government has approved 60 industrial projects worth Rs 2,465.94 crore that would generate jobs for over 8,575 people in the state, an official statement stated on Sunday. 26 days ago
India wheat crop

Wheat prices witness sharp hike after Russia-Ukraine war, above MSP for a change [Details]

Parallel to crude oil, prices of wheat and wheat flour too have seen a steep uptick ever since the war between Russia and Ukraine broke out in late February. Apr 21, 2022
Supreme Court of India

SC asks ED to get back Rs 5,000 crore Unitech's home buyers' money stashed abroad

The Supreme Court on Wednesday asked the Enforcement Directorate (ED) to propose steps to bring back home buyers money, amounting to Rs 5,000 crore diverted to tax havens, as revealed in a forensic audit. Apr 21, 2022
workers in a coal mine

India stares at power crisis as coal supply dries up [Details]

One of the reasons thermal power plants are suffering from a coal scarcity, according to an official, is that coal imports will be reduced in 2021-22. Apr 21, 2022
International Monetary Fund (IMF)

IMF slashes global growth amidst Ukraine war; sharply cuts India's forecast to 8.2% [details]

The IMF lowered its forecast for India's GDP growth in the current fiscal year to 8.2%, down 0.8 percentage points from its prior estimate. Apr 20, 2022
Enforcement Directorate

ED attaches assets of Amway worth Rs 757.77cr in money laundering case

The Enforcement Directorate (ED) on Monday said it has attached assets worth Rs 757.77 crore belonging to Amway India Enterprises Private Limited -- a company accused of running a multi-level marketing scam, in connection with a money laundering case. Apr 18, 2022
Sri Lanka's newly-appointed Finance Minister Ali Sabry.

Bankrupt Sri Lanka rushes delegation to IMF seeking $4 bn bailout

The Sri Lankan government has sent a delegation to the International Monetary Fund (IMF) for discussions over ways to get the lender's loans. Apr 18, 2022
Petrol. (File Photo: IANS)

US inflation hits 40-year high: Russia-Ukraine war has added further fuel to the blazing rate of inflation

The US inflation rate hit a 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war, BBC reported. Apr 13, 2022
Reserve Bank of India (RBI)

RBI retains accommodative stance, repo rate remains unchanged

The Monetary Policy Committee (MPC) of the RBI maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent Apr 8, 2022
Pak rupee

Pakistan rupee plunges to record low for 16th session

The Pak rupee has maintained a non-stop downward streak for the 16th successive working day except on March 24 Apr 7, 2022
Wipro will continue to invest in Telangana: Azim Premji

Telangana is progressive state, Wipro will continue to invest here: Azim Premji

Wipro will continue to invest in Telangana as the state government here is progressive, Founder-Chairman of Wipro Group, Azim Premji, said on Tuesday. Apr 6, 2022
Jobs

New Data: Weekly US jobless claims reach record 202,000 after falling to lowest level

Weekly US jobless claims increase after falling to lowest level Apr 1, 2022
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